WiMi Hologram Cloud, One of China’s Largest 5G Holographic AI Vision, Publicly Submitted IPO Application to NASDAQ

Hongkong, Jul 12, 2019 - (Asia Presswire) - In the process of implementing the holographic calls, 5G transmission technology will play a crucial role. It is precisely because 5G has high bandwidth, low latency, high reliability and other excellent features that we have the confidence to image the practical feasibility of holographic calls. As one of China’s largest 5G holographic AI vision, WiMi Hologram Cloud publicly submitted IPO application to NASD in the United States, making people full of longing for the future visual world.

 

WiMi Hologram Cloud’s holographic cloud published its IPO prospectus globally on June 27, 2019 in the United States. Its net profits exceeded 89 million yuan in 2018, making profits for two consecutive years. The IPO of WiMi Hologram Cloud was listed at NASDAQ Global Board, and as the first share of global holographic AI vision, the profit growth space has been opened. With the development of 5G holographic communication, WiMi Hologram Cloud’s holographic cloud, which was established only four years ago, is expected to be explosive in the future.

As an emerging market, the global holographic AR market has tremendous growth potential and has attracted a large amount of investment since 2016, making a great contribution to the growth of the industry. Several organizations including the R&D labs are investing heavily in this technology to develop solutions for enterprises and consumer groups. Over the years, the mobile augmented reality market has been widely applied in applications such as games, media and marketing. Its range of applications in different industries, including advertising, entertainment, education and retail, is expected to drive demand during the forecast period.

 

The income of WiMi Hologram Cloud mainly comes from holographic advertising and holographic entertainment. The probability of WiMi Hologram Cloud is outstanding, and the net profit has increased from 7.333 million yuan in 2017 to 8.921 million yuan in 2018. the net profit has increased from 2.222 million yuan in the first quarter of 2018 to 3.749 million yuan in the first quarter of 2019, with an increase of 1.526 million yuan and the growing rate of 68.7%. The total revenue of WiMi Hologram Cloud has increased from 4.922 million yuan in the first quarter of 2018 to 7.849 million yuan in the first quarter of 2019, with an increase of 2.926 million yuan and the growing rate of 59.5%. WiMi Hologram Cloud’s total revenue was 225 million yuan in 2018. (Source: U.S. SEC - FORM F-1, WiMi Hologram Cloud Inc., Securities and Exchange Commission (SEC), June 27, 2019.)

 

WiMi Hologram Cloud has a wide range of customers. As of December 31, 2017 and December 31, 2018, WiMi Hologram Cloud had 390 and 485 customers respectively. At present, WiMi Hologram Cloud’s customers mainly include advertisers, distribution channels, application developers and entertainment companies. WiMi Hologram Cloud’s customer base covers a wide range of industries including manufacturing, real estate, entertainment, technology, media and telecommunications, tourism, education and retail.

 

WiMi Hologram Cloud plans to continue to improve and strengthen existing technologies, maintain its industry leadership and create an ecological business model. At present, WiMi Hologram Cloud’s holographic facial recognition technology and holographic facial change technology are being applied to the existing holographic advertising and entertainment business, and the technologies are also being upgraded in order to make breakthroughs in more industry fields. WiMi Hologram Cloud is targeted at building a commercial ecological system based on the application of holographic technology.

 

WiMi Hologram Cloud plans to continuously invest a lot of resources to strengthen the capability to develop holographic AR contents. WiMi Hologram Cloud is dedicated to enriching the holographic content portfolio and providing high-quality holographic experience. WiMi Hologram Cloud plans to continue to expand the holographic content library through various channels.

 

* Source: U.S. SEC - FORM F-1, WiMi Hologram Cloud Inc., Securities and Exchange Commission (SEC), June 27, 2019.

Media Contact: 

Company Name: Insight Data Talking Institute

City, State, Country: London, England, UK

Address: 215-217 Charlotte Street, London W1T 1RJ, England

Contact: Ronald Sims

Tele: (+44) 20 7698 1963

Email: morningstar.editors@gmail.com

Website: http://www.insightdatatalking.com

Tweet

Latest News

At global summit, Trump facing limits of go-it-alone stance

Aug 24, 2019

BIARRITZ, France — President Donald Trump arrived Saturday in France for an international summit with the leaders of the globe's economic powers as he confronts the consequences of his preference for going it alone, both in a sharply divided United States and an interconnected world. The meeting of the Group of Seven nations — Britain, Canada, France, Germany, Italy, Japan and the U.S. — in the beach resort town of Biarritz comes at one of the most unpredictable moments in Trump's White House tenure, with his public comments and decision-making increasingly erratic and acerbic of late. Trump, growing more isolated...

US stocks fall sharply as US-China trade war escalates

Aug 24, 2019

Stocks tumbled on Wall Street after President Donald Trump said he "hereby ordered" U.S. companies to consider alternatives to doing business in China. He also said he would respond to Beijing's latest tariff increase later Friday. The Dow Jones Industrial Average sank nearly 500 points after the president made the announcements on Twitter. Trump also said he was "ordering" UPS, Federal Express and Amazon to block any deliveries from China of the powerful opiod drug fentanyl. The stocks of all three companies fell as traders tried to understand what the implications for them were. The developments mark the latest escalation...

Global stocks higher ahead of US Fed chairman's speech

Aug 24, 2019

BEIJING — Global stock markets rose Friday after Wall Street declined ahead of a closely watched speech by the U.S. Federal Reserve chairman. Market benchmarks in London, Frankfurt, Shanghai and Tokyo all advanced. Investors are looking to Jerome Powell's speech Friday for signs of direction on interest rates after two regional Fed presidents said they see no need for a change. Investors expect a cut in September, the Fed's second in three months, to shore up U.S. economic growth amid a tariff war with Beijing and weakening global growth. "Markets seem very clearly positioned for some very dovish guidance from...

Trump, G-7 leaders to open summit focused on world economy

Aug 24, 2019

WASHINGTON — President Donald Trump and other leaders of the world's most industrialized nations will open their annual G-7 summit over the weekend by discussing the global economy. White House officials said Thursday that the session was added to Sunday's schedule at the last minute at Trump's request. Trump insists the U.S. economy is strong despite fears that a recession may be on the horizon. At the same time, global economic growth has slowed due to weakness in Germany, Europe's largest economy, and a pronounced slowdown in China, the world's second-largest economy, as it remains locked in a tense trade...

Report shows US deficit to exceed $1 trillion next year

Aug 24, 2019

WASHINGTON — The federal budget deficit is expected to balloon to more than $1 trillion in the next fiscal year under the first projections taking into account the big budget deal that President Donald Trump and Congress reached this summer, the Congressional Budget Office reported. The return of $1 trillion annual deficits comes despite Trump's vow when running for office that he would not just balance the budget but pay down the entire national debt. "The nation's fiscal outlook is challenging," said Phillip Swagel, director of the nonpartisan CBO. "Federal debt, which is already high by historical standards, is on...

Broaden News
Search

Manage The Numbers is the world’s fastest-growing finance news website, featuring the latest money and market news, along with in-depth analysis so you can make the best decision.

Contact us: sales@managethenumbers.com

Subscribe to our newsletter!

Name

Email